Pan-African private equity firm AfricInvest has sold its 20.06 percent stake in Tunisia-based seed, fresh vegetable and young plant producer Cotugrain Hortimag to a consortium composed of BIAT Capital Risque, the private equity arm of Tunisia-based bank BIAT, and Adel Ghariani, the company’s owner. AfricInvest originally invested in Cotugrain in 2007 through its Maghreb Private Equity Fund II. Financial details of the transaction were not disclosed.